SUN ART (Germany) Market Value
| SRI Stock | EUR 0.31 0.01 3.13% |
| Symbol | SUN |
SUN ART 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SUN ART's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SUN ART.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in SUN ART on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding SUN ART RETAIL or generate 0.0% return on investment in SUN ART over 30 days. SUN ART is related to or competes with SENECA FOODS, Suntory Beverage, China Resources, ScanSource, ASSOC BR, Tsingtao Brewery, and MOLSON RS. More
SUN ART Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SUN ART's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SUN ART RETAIL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.2731 | |||
| Maximum Drawdown | 30.77 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 10.53 |
SUN ART Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SUN ART's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SUN ART's standard deviation. In reality, there are many statistical measures that can use SUN ART historical prices to predict the future SUN ART's volatility.| Risk Adjusted Performance | 0.23 | |||
| Jensen Alpha | 1.45 | |||
| Total Risk Alpha | 1.31 | |||
| Sortino Ratio | 0.3383 | |||
| Treynor Ratio | (3.34) |
SUN ART RETAIL Backtested Returns
SUN ART is out of control given 3 months investment horizon. SUN ART RETAIL owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of standard deviation over the last 3 months. We were able to collect and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use SUN ART RETAIL coefficient of variation of 358.87, and Risk Adjusted Performance of 0.23 to evaluate company specific risk that cannot be diversified away. SUN ART holds a performance score of 19 on a scale of zero to a hundred. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SUN ART are expected to decrease at a much lower rate. During the bear market, SUN ART is likely to outperform the market. Use SUN ART RETAIL total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on SUN ART RETAIL.
Auto-correlation | 0.78 |
Good predictability
SUN ART RETAIL has good predictability. Overlapping area represents the amount of predictability between SUN ART time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SUN ART RETAIL price movement. The serial correlation of 0.78 indicates that around 78.0% of current SUN ART price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SUN ART RETAIL lagged returns against current returns
Autocorrelation, which is SUN ART stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SUN ART's stock expected returns. We can calculate the autocorrelation of SUN ART returns to help us make a trade decision. For example, suppose you find that SUN ART has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SUN ART regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SUN ART stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SUN ART stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SUN ART stock over time.
Current vs Lagged Prices |
| Timeline |
SUN ART Lagged Returns
When evaluating SUN ART's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SUN ART stock have on its future price. SUN ART autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SUN ART autocorrelation shows the relationship between SUN ART stock current value and its past values and can show if there is a momentum factor associated with investing in SUN ART RETAIL.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SUN Stock
SUN ART financial ratios help investors to determine whether SUN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SUN with respect to the benefits of owning SUN ART security.